$465,000
1856 S Lawndale Avenue
Chicago, IL, 60623
Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You’ll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there’s great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you’re looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don’t miss your chance to grab a prime piece of real estate in an area on the rise!! It’s time to make a move to have you set for years to come!
Property Details
Price:
$465,000
MLS #:
MRD12327596
Status:
Active Under Contract
Beds:
11
Baths:
3
Address:
1856 S Lawndale Avenue
Type:
Multi Family
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Apr 2, 2025
State:
IL
ZIP:
60623
Year Built:
1903
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Architectural Style
Greystone
Construction Materials
Stone
Parking Features
Off Alley, Oversized, On Site
Parking Spots
6
Financial
Tax Year
2023
Taxes
$3,589
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1856 S Lawndale Avenue
Chicago, IL
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